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Under which of the following inventory costing methods is the ending inventory based on the costs of the most recent purchases?
A) first-in, first-out
B) specific identification
C) weighted-average
D) last-in, first-out
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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